Hiscox sets sights on 5%-15% retail growth after subdued 2023

Joanne Musselle

Hiscox is aiming to grow its UK retail business by 5% to 15% in 2024, after new business growth in 2023 fell “below management expectations”.

The insurer’s results for last year detailed that Hiscox UK’s written premiums were up just 2%, or 2.4% on a constant currency basis, rising from $778.2m (£613.3m) in 2022 to $793.8m in 2023.

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